Economy May 11, 2023 | 10:30 am

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Qik Banco Digital Dominicano: The Dominican Republic’s first fully digital neobank

Santo Domingo.- Banco Popular executives have launched Qik Banco Digital Dominicano, the first neobank in the Dominican Republic that operates entirely through digital platforms. The President of the Republic, Luis Abinader, attended the event. Neobanks are a new breed of financial institutions that provide their services exclusively through digital channels. Qik Banco Digital Dominicano aims to offer a range of digital financial services supported by technology, data analytics, artificial intelligence, and human expertise.

As part of its product expansion, Qik Banco Digital Dominicano introduced a new personal loan offering that can be requested digitally. The neobank also unveiled a debit card that provides users with greater control and security. The card is linked to the Qik account, offers an annual interest rate of 4%, and allows users to set savings goals. Additionally, Qik Banco Digital Dominicano plans to introduce a credit card that provides personalized cashback rewards and the option to make service payments using the card.

Qik Banco Digital Dominicano’s launch signifies a significant step towards a digital-first banking experience in the Dominican Republic. By leveraging technology, data analytics, and personalized services, the neobank aims to meet the evolving financial needs of customers while offering convenience and flexibility in managing their finances.

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